Recap Previous week close support sent cable up to test Y-1. Y-1 resistance dropped this back down to week low / 1.41 round number. Closed the week above Y-0 and near midpoint.
Outlook Potential swing bottom in the making as we are getting close to Brexit event. Clean breakout above Y+1 / B+1 points to B+2 and B+3 in play.
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
Quick rally to clear the resistance above confirming strength. Y-0 support gave us an updrift to 120 round number. Since then ninja breakout above and reached normal bullish target ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
Ninja rejected Y+1 decisively giving us Y-0 quickly. Since then previous week close also turned into resistance giving us a go for Y-1. Y-1 tagged later in the week. ...
GBPUSD Apr 18 to Apr 22 Outlook
Lawrence’s Comment
Previous week close support sent cable up to test Y-1. Y-1 resistance dropped this back down to week low / 1.41 round number. Closed the week above Y-0 and near midpoint.
Outlook
Potential swing bottom in the making as we are getting close to Brexit event. Clean breakout above Y+1 / B+1 points to B+2 and B+3 in play.
Share